Within manufactured housing, same property NOI increased 8.8%, driven primarily by exceptional MH performance and disciplined expense management. Revenue grew 7.3%. while operating expenses increased 3.2%, reflecting continued focus on balance, efficiency, and cost control.

Feb 25, 2026 / President / receipt, needs a key / John McLaren, President | earnings call 2026-02-25 | transcript 4547d230-309d-4d23-8ff4-31dd7e3cec19 | chars 7215-7489 | segment 7

Our North American St. Property portfolio delivered 4.6% NOI growth, driven by solid performance in manufactured housing and ongoing progress in expense management.

May 6, 2025 / President / receipt, needs a key / John McLaren, President | earnings call 2025-05-06 | transcript 1ab803c9-bde1-49d1-bdc8-9bc09603eb3a | chars 5114-5278 | segment 5